When Can You Claim Your Condo Insurance?

Posted on July 31, 2018August 1, 2018 by agentinsure

You can claim your condo insurance in case of a covered risk. Different condo insurance policies cover different risks. As the policyholder, you need to know the kind of risks that your condo insurance policy covers. Get the help of an insurance agency such as Vargas & Vargas Insurance in Dorchester, MA to find the best condo insurance for your needs.

When You Can Claim Your Condo Insurance

If You Lose Your Personal Possessions

You can claim your condo insurance if you lose personal belongings such as furniture, electronics, clothing, or jewelry in your condo as a result of covered perils such as theft or fires.

If You Incur Additional Living Expenses

If your condo is damaged by covered risks, it may become unsuitable for you to live in. You can claim your additional living expenses coverage to pay for the unplanned costs of living such as hotel bills. The policy can offer you compensation for the period it takes to repair your condo.

If You are Liable For Property Damage or Personal Injury

You can claim your condo insurance if a visitor gets injured in your condo. If, for example, a guest trips and falls down your stairs, you can make a claim to pay for their medical costs. You just need to be sure that the fall is accidental. If they choose to sue you, you can make a claim to pay for the legal charges. You may also file for a claim if you lose or destroy the property of a visitor in your condo unit.

If There is Damage to Structures of Your Condo

You can file for a claim if insured risks cause damage to your condo units. The risks could include fires or vandalism.

Contact Vargas & Vargas Insurance in Dorchester, MA for your home insurance needs. Our agents can help you get started.

Why Does the Cost of Auto Insurance go Down when You Turn 25?

Posted on June 20, 2018June 19, 2018 by agentinsure

We all want to save money on things like insurance because we are paying for it anyway. That being said, some drivers are what insurance companies consider high-risk drivers which leads to higher rates across the board. So what makes the magic age of 25 different? For those in the Dorchester, MA area, the agents with Vargas & Vargas Insurance can help you answer this question in more depth.

High-risk drivers are often those that are considered either inexperienced or with less to lose in the case of an accident. High-risk drivers are also those that have statistically been placed in the category due to things like gender, age, and location. Drivers under the age of 25 are considered to be drivers with less experience and therefore drivers that are more likely to be in a traffic accident. When you turn 25, you can contact your insurance agency and let them know, and your rates will be adjusted according to your age. Though there are no other milestones so to speak according to age and rates, the older you are, the less your insurance generally costs so long as you have not had a ton of accidents.

Some other factors that may affect the overall cost of your insurance are things like your gender, males have a higher rate generally, if you are married or single, if you have multiple cars on your policy, if you have kids, have a degree, etc. These are all factors that your insurance agent will help you consider to get the best rate possible. For those in the Dorchester, MA area, the agents with Vargas & Vargas Insurance can help you to find your perfect policy every time.

When Should I Buy Life Insurance

Posted on May 24, 2018May 23, 2018 by agentinsure

Most people don’t purchase life insurance right after they are born because many people believe life insurance is about death, but it’s not. The earlier you decide to purchase life insurance the cheaper it typically is. So, buying it as a newborn should be incredibly inexpensive. The independent agents at Vargas & Vargas Insurance in Dorchester, MA can help you secure a life insurance policy for your loved one no matter the age.

Buying Life Insurance for Children

One good reason to purchase life insurance for your child is that it is very affordable. Another reason is that once the policy has matured, the policy can be cashed in. If you were to purchase a whole life insurance policy and pay the entire amount, the amount could be repaid when the child reaches his or her majority.

The Value of Life Insurance

There are two types of life insurance. The first is called term life insurance. It covers a specific period. Generally, it comes in increments of 5, 10, 15, or 20 years. If you die during the term, your insurance will pay your beneficiaries the entire amount of the insurance. This type is usually less expensive than whole life insurance.

Typically, life insurance policies grow in value over time. For a whole life policy, the rate is fixed for the entire length of the policy. The cash value of the policy will mature after 12 to 15 years, as long as the premiums are paid on time. You can cash it in after it has matured and use it to pay off debts, college tuition, or buy a home.

Life Insurance to Protect

For those adults entering the workforce, getting married, and having children, buying life insurance is an excellent way to help remove some of the burdens of the primary household earner. If the head of your household dies suddenly, there will be unexpected expenses that a life insurance policy could cover. Such costs include items for the funeral, utilities, mortgage, and auto loans. In Dorchester, MA, Vargas & Vargas Insurance can get you started on a life insurance policy today.

The Most Common Threats for Business Owners

Posted on April 30, 2018April 30, 2018 by agentinsure

It could drive a person crazy to think about the many things that might potentially go wrong over the course of any given day. And yet, sometimes failing to acknowledge what’s out there can lead to an avoidable situation. If you’re thinking about upgrading or buying commercial insurance for your new business in Dorchester, MA, it’s worth noting the following facts from your friends at Vargas & Vargas Insurance. We provide commercial insurance for hard-working business owners around the state of Massachusetts. Here are a few reasons to get protection.

Criminal Activity

Criminal activity today doesn’t just mean a person breaking the door to your stockroom and stealing all of your available inventory. It can also mean someone breaking into your computer systems and stealing customer data or holding your files hostage for ransom. It can even be a person assaulting an employee at the end of their shift. It can also mean a group of kids just looking to cause a little mischief on a weekend night. Wherever the criminal element may come from, it’s the owner’s responsibility to take care of any physical or emotional damages that may result.

Lawsuits, Weather, and More

From an employee suing the company for wrongful discrimination to an odd blizzard in Dorchester, MA, there are plenty of reasons why a business owner should worry about the state of their business. It only takes a few broken windows to wipe out several days worth of income, which is just one reason why an owner could use a good backup plan.

For a better chance at handling everything that may come your way, it helps to have a commercial insurance policy that works for you. Giving Vargas & Vargas Insurance a call today can make it easier for business owners to handle it all. Reach out to our agents to discuss a policy and have your questions answered.

Is It Time for a Home Insurance Review?

Posted on March 28, 2018March 28, 2018 by agentinsure

Spring is a time for new projects. It’s also an excellent time to review your current home insurance policies to make sure they are working for you. If you live in the Dorchester, MA area, Vargas & Vargas Insurance is here to help you every step of the way.

Home Insurance is Often a Requirement

If you are like many homeowners, you know that you need insurance to protect your home. Almost all financial institutions require that a homeowner have such insurance if they issue a mortgage on your home. However, even if your home is entirely paid off or the financial institution that you deal with does not require you to have insurance on your home, it is still a good idea to do so.

Why is it a Good Idea to Have Home Insurance?

Your home is probably going to be the largest purchase you ever make in your life. It makes sense that you should protect it to the best of your ability. Having it insured protects your financial situation if something catastrophic should happen. If you are like most people, you don’t have several hundred thousand dollars sitting around that you can tap into should you have to replace your home unexpectedly. That’s what home insurance is for.

Home Insurance Review

It’s a good idea to undertake a review of your home insurance at least once a year with a representative from Vargas & Vargas Insurance. With a variety of ways to contact us via text, phone call, and email, you can also head to our office at 1133 Washington Street in Dorchester, MA. There, the friendly and knowledgeable staff will carefully go over your current home insurance policy with you to determine if your needs are being met. If they are not, you’ll learn about the many different options that can be added to your policy to offer you the coverage you need.

Can I allow anyone to drive my classic car?

Posted on February 26, 2018February 26, 2018 by agentinsure

Why have a classic car if you can’t show it off? You may want to take it to a car show or drive it in a parade because letting other people admire your car is part of the fun. But can you let other people drive it too? If there is someone you really trust, you may want to give them the chance to experience the pleasure of operating your vehicle.

If you live in or around the Dorchester, MA area, you can talk to the representatives at Vargas & Vargas Insurance about what your policy can cover. Protecting your investment is important and knowing what is allowed and not allowed is key when cruising in your classic.

You Can Allow Other Drivers to Operate Your Vehicle

As long as there are no restrictions stated in your contract, you should be able to allow other people to drive your classic car. Your current coverage should protect your guest from any mishaps they may have while driving your vehicle. There are certain restrictions but, as long as the state laws are followed, there should be no foreseeable issues.

The individual must be of age to drive and must have a valid license, with no suspensions or restrictions. Failure to ensure that the driver is eligible to drive can cause you problems if anything happens while the other person is behind the wheel.

A big part of the American automobile experience is independence. Classic cars let you show off your unique style and do things your own way. If you drive a classic car in Dorchester, MA and want to make sure you are getting maximum protection, call Vargas & Vargas Insurance for more information today.

Does Renter’s Insurance Cover Weather-Related Damage?

Posted on January 26, 2018January 26, 2018 by agentinsure

Renters’ insurance is an important protection to have, even if you feel that you don’t need it! The coverage provided by renters’ insurance can vary from policy to policy, and it is important that clients thoroughly review what is and is not covered by their renters’ insurance. Renters are often surprised to learn that their apartment and belongings are not included in the coverage provided by their landlord’s policy.

Your Landlord’s Policy

Landlords, typically, only cover the actual building from damage, and it is likely that damage to your belongings will not be covered by the building owner’s coverage that will pay to replace or repair a leaky roof. However, most renters’ policies will reimburse you for the cost of having to temporarily relocate from an uninhabitable residence that has sustained covered damage. The agents at Vargas & Vargas Insurance are here to help determine the coverage you need to protect yourself from damage to your rental unit in the greater Dorchester, MA area.

Weather Incidents

Weather-related damage can be caused by excessive wind, hail, lightning strikes, and other acts of nature. There are ways to protect your rental home or apartment, and your belongings, should you suffer a loss due to the weather. It may be necessary to purchase additional coverage if your renter’s policy does not provide adequate protection, and the professional agents at Vargas & Vargas Insurance are here to help you through the process.

If you are in need of comprehensive renter’s insurance that includes protection from weather-related damage, please call us today, we are dedicated to meeting the needs of our clients in the greater Dorchester, MA area.

How Should I Insure My Motor Home?

Posted on December 25, 2017December 22, 2017 by agentinsure

There are a number of factors to consider before finally settling on a motorhome insurance policy, and Vargas & Vargas Insurance wants you to have all the facts. If you live in Dorchester, MA, see what you can do to get the right amount of coverage.

Consider Your Habits

Some people purchase their motorhome as means to get away for a weekend or two out of every month, while other people want to live in it for nine months out of the year. If you’re planning on taking beat-up fishing equipment with you to the lake every now and again, you don’t necessarily need to buy a comprehensive policy. However, if you’re planning to load up your motorhome with plenty of expensive clothes, tools, or jewelry, then you’ll need to consider the limits on your policy before you take it for a spin.

The Places You’ll Go

Your insurance is based on what you do with your RV while you have it. If you plan to take it to treacherous areas, you’ll need to have some precautions set up against all the natural disasters that might occur. There’s also all the man-made disasters that can occur too. From a curvy mountain road to a precariously dangling tree branch to a hungry criminal, you’ll want to be as open and honest about what you’ll do so that you know you’re getting the right policy. You’ll be glad that you took this extra step if you have to make a claim later on.

If you have questions about how motorhome insurance works, call Vargas & Vargas Insurance. It’s our job to serve the people of Dorchester, MA, so everyone gets a motorhome policy that works. Let us take the reins to find you the best policy!

Three Mistakes to Avoid When You Purchase Motorcycle Insurance

Posted on November 17, 2017November 16, 2017 by agentinsure

Your motorcycle insurance will protect you and everyone else on the road from the financial consequences of an accident. You need to make sure that you choose the right policy to get the insurance coverage you need at a price you can afford.

Vargas & Vargas Insurance in Dorchester, MA wants to help you find the motorcycle policy that fits your lifestyle. The following are three mistakes to avoid when you purchase motorcycle insurance to make sure you get the ideal policy:

1. Not specifying that a motorcycle is only a recreational vehicle

Some bikers use their motorcycle to make an everyday commute to work. Others are merely recreational riders who might go for a ride on the weekend or only a few times a month.

Make sure you opt for recreational coverage if you’re not using your bike every day. This can save you money on coverage without detracting from the amount of coverage you’re going to get.

2. Buying a bike without considering the costs of insuring it

The costs for insuring particular bike models can widely vary. You should factor the cost of insurance into the decision of making a bike purchase. A higher end or faster bike will more than likely result in higher insurance costs.

3. Purchasing separate motorcycle insurance without first looking into the possibility of a motorcycle endorsement

If you have a car or another type of vehicle, you may be able to add a motorcycle endorsement to your policy so that it will cover both your vehicle and your motorcycle. Bundling insurance is a popular choice if you have all your policies under one insurance agency.

Find the right motorcycle policy in Dorchester, MA with the help of Vargas & Vargas Insurance. Our agents are waiting to answer your questions and are ready to help you start a policy.

Fill in the Gaps with Umbrella Insurance

Posted on October 16, 2017October 13, 2017 by agentinsure

Your auto, property, and business insurance policies cover most of your valuables. But for those with multiple properties, luxury items, and other high-dollar assets, these policies may not fully cover your investment. If a complete loss occurs, you could be left footing the bill.

Vargas and Vargas Insurance in Dorchester, MA offers insurance policies to protect the things you care about most. Our experts are able to customize a package of policies to fit your specific needs. However, all policies have their limits.

Umbrella insurance policies provide additional coverage for your existing plans. Here are several ways an umbrella policy can protect you financially.

Commercial Umbrella Insurance

A lawsuit, natural disaster, or economic fluctuations can contribute to the ruin of a thriving business. You may need more than your current policies provide if a catastrophic event takes your property and inventory.

When the liability limit on your primary policy is reached, your umbrella policy will provide additional funds to get you back on your feet. This removes the financial burden when problems occur, giving you the peace of mind to deal with other issues. Your losses from legal judgments, natural disasters, and theft may be covered.

Umbrella Policies for Home and Auto

For most people, your primary residence and vehicle are your largest assets. If your house burns down or your car gets totaled, primary policies may help pay off what you still owe. Any extra may not cover the cost of replacing your property.

After your auto, renters, or auto insurance pays their share, an umbrella policy further reduces your out-of-pocket costs for replacing your property.

Contact the insurance experts at Vargas and Vargas Insurance in Dorchester, MA. We can help you decide if umbrella insurance is the right strategy for you.

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Author: agentinsure